Summit County | Year End 2019
Summit County, named for the many mountain peaks that lie within the county lines, is a famously beautiful place to call home. Containing some of the most popular ski resorts in Colorado, towns such as Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, and Silverthorne are often some of the most sought-after destinations to buy and sell homes. Whether you’re looking for a second home or a full-time residence, these mountain towns are great communities to make real estate moves in.
LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate performance for Summit County and the neighborhoods within it. The year-end total dollar volume sold, compared to 2018, grew by an impressive 5.5% making the total sales for this area $1,468,311,718.
In Breckenridge, Summit County’s largest city, the average price for all property types showed an upward trend in 2019. The average price for single family homes grew by 17.9% during 2019 in a comparison to 2018, bringing the average home price to $1,612,707. Condominiums, townhomes, duplexes, and triplexes in this mountain community also saw a rise in pricing. Home prices in this category rose by 13.6%, making the average attached home price in Breckenridge for 2019 $784,901.
Out of all of the cities in Summit County, Dillon and Summit Cove had the most impressive increase in properties sold, with a 27.7% rise in home sales for all property types. Within this market, single family home sales grew by 21.2% and condominium, townhome, duplex, and triplex sales rose by 30.6%.
The Summit County real estate market is undoubtedly a successful segment of Colorado’s many housing markets. For those looking for communities unlike anything else, these high-altitude neighborhoods display confidence in purchasing real estate and may be a good fit for you.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Breckenridge, Copper Mountain, Dillon, Frisco, Keystone, and Silverthorne.